Swiss National Bank Trims Stock Holdings in Sanmina Corporation $SANM

Key Points

• The Swiss National Bank has reduced its stake in Sanmina Corporation by 2.8%, now holding approximately 104,500 shares valued at $7,961,000.
• Sanmina's recent quarterly earnings report showed an earnings per share of $1.53, surpassing expectations, and a year-over-year revenue increase of 10.9%.
• Equities analysts have mixed views, with Wall Street Zen downgrading the stock from a "strong-buy" to a "buy," while Bank of America raised the price target from $100 to $120 with a "neutral" rating.

Swiss National Bank decreased its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,500 shares of the electronics maker's stock after selling 3,000 shares during the period. Swiss National Bank owned approximately 0.20% of Sanmina worth $7,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Summit Investment Advisors Inc. raised its holdings in shares of Sanmina by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker's stock valued at $425,000 after purchasing an additional 121 shares during the period. XTX Topco Ltd raised its holdings in shares of Sanmina by 1.2% during the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock valued at $905,000 after purchasing an additional 140 shares during the period. Mariner LLC raised its holdings in shares of Sanmina by 3.5% in the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock worth $341,000 after acquiring an additional 152 shares during the last quarter. Xponance Inc. raised its holdings in shares of Sanmina by 3.4% in the 1st quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock worth $357,000 after acquiring an additional 152 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Sanmina by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker's stock worth $892,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SANM. Wall Street Zen lowered shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America upped their target price on shares of Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $94.50.

Sanmina Stock Performance

Sanmina stock traded down $2.2150 during mid-day trading on Wednesday, reaching $110.2550. The company's stock had a trading volume of 183,151 shares, compared to its average volume of 512,283. Sanmina Corporation has a 12-month low of $62.76 and a 12-month high of $125.76. The company has a market capitalization of $5.87 billion, a P/E ratio of 23.64, a PEG ratio of 1.72 and a beta of 1.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. The firm's fifty day moving average price is $103.94 and its two-hundred day moving average price is $88.76.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business earned $1.25 EPS. Sanmina's revenue was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Sell-side analysts predict that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.